CHART OF THE DAY: The Hedgeye “Avoid, Sell, Short” List

Editor's note: This is a brief excerpt from today's Morning Newsletter by CEO Keith McCullough.

Energy Stocks (XLE) got smoked for another -3.9% down day yesterday as Oil/Nat Gas continue to crash

Financials (XLF) underperformed a -1.3% SPY, closing -1.8% on the day at -6.2% YTD

Industrials (XLI) “outperformed” at -0.9% on the day but are down the same as SPY YTD at -3.1%

Since all 3 of these S&P Sectors remain on our “avoid, sell, short, etc.” list (they are both late-cycle and carry explicit Global #Deflation risks), I’ll just reiterate that call this morning – because it’s easy to.

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